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20110701
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
in the coins and use the miles to travel the globe almost free. but as first reported by npr, taxpayers haven't faired as well. is this program a waste of taxpayer money. >> the dollar coin program is a waste of taxpayer money. i think it's time to put a halt to this experiment. >> reporter: but ending it probably requires another law from congress. until then, the mint has five years and 20 presidents to go. lisa myers, nbc news, baltimore. >>> still ahead, the big showdown in washington over the debt limit. and the president's warned of potential catastrophe. so are lawmakers any closer to a deal? >>> and a sunday surprise for those dire predictions of carmageddon in california. i have copd. if you have it, you know how hard it can be to breathe and what that feels like. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms... by keeping my airways open a full 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. and it's steroid-free. spiriva does not replace fast-acting inhalers for sud
reported by npr, taxpayers haven't faired as well. is this program a waste of taxpayer money? >> the dollar coin program is a waste of taxpayer money. i think it's time to put a halt to this experiment. >> reporter: but ending it probably requires another law from congress. until then, the mint has five years and 20 presidents to go. lisa myers, nbc news, baltimore. >>> still ahead, the big showdown in washington over the debt limit. and the president's warned of potential catastrophe. so are lawmakers any closer to a deal? >>> and a sunday surprise for those dire predictions of carmageddon in california. >>> a little more than two weeks left until the u.s. treasury reaches its legal borrowing limit and the threat of the government being unable to pay its bills looms larger tonight. nbc's mike viqueira joins us from the white house. mike? >> reporter: lester, we're 16 days from a potential financial catastrophe. by all appearances it was a quite typical weekend summer day here in washington. the first family left on foot, setting out across lafayette park to attend church services. it was t
dollars down the drain. thanks to npr we know about loads of unused spare change piling up as the nation stares down its debt. abc's jon karl explains. >> reporter: we took a journey to the u.s. mint in philadelphia for a lesson in how the government is losing money by making money. this is the presidential dollar coin. congress ordered the mint to make millions of them to honor every dead president but nobody seems to want them. they cost 32 cents a pop to make. the mint makes nearly 2 million of them every day. do the math. about 600,000 dollars a day to make them. because almost nobody uses these things, most go directly into storage. we found a bunch of them 100 miles down the road in a vault. here at the federal reserve in baltimore, the coins are packed into plastic bags stacked one on top of each other all the way up and down this aisle several aisles of them, millions and millions of dollars in presidential coins. federal reserve says they are piling up so quickly they are spending $650,000 to build a new vault in dallas to hold them. shipping the coins there will cost another $3
are wondering where the government can cut costs. the npr came up with one idea. >> each day the u.s. treasury mints nearly $2 million in coins. coins that mostly go directly into storage. abc's john karl checked it out. >> reporter: we took a journey to the u.s. mint in philadelphia where they seem to have more doors than "get smart." for a lesson in how the government is losing money by making money. it sounds a little bit like las vegas around here except the coins never stop coming. this is the presidential dollar coin. congress ordered the mint to make millions of them to honor every dead president. but nobody seems to want them. rutherford b. hayes. hot off the press, literally, these coins are still warm. made of manganese brass, they cost nearly 32 cents a pop to make. the mint makes nearly 2 million of them every day. do the math. about $600,000 a day to make them. and each one of these bags, 140,000 coins, $140,000, more than 2,000 pounds. because almost nobody uses these things, most go directly into storage. we found a bunch of them 100 miles down the road in a vault. here at the f
. let's try out this one, a quote from president obama on npr. he said, ronald reagan repeatedly talked about how irresponsible it would be to allow the full faith and credit of the united states to be impaired in any way. what's verdict on that one? >> we rated this one mostly true. we dug into the historical documents and we found reagan did say the u.s. should pay its debts and it should not be in document now, presidents usually support increases to the debt ceiling while congress comp plain it we know that, rated mostly true. >> finally, it one from victoria jackson, she's comedian and tea party supporter. a clause niptd obama care bill, which is now law, gives obama the right to form a private army. what do we make of that? >> this one got the pants on fire. it seemed to be a serious commentary so we took it seriously and checked it. the health care law does expand the public health service, which has a uniformed commission corps, but doctors and nurses, not members of the military no private armies in the health care bill. >> she is a comedian, maybe she was joke, we will give he
the debt and, many tea partiers and many americans think we can cut out spending on npr and arts funding and foreign aid and that will take care of the debt problem and that is less than 1% of the budget, you have to cut the programs americans don't touched and the democrats keep swearing, oh, we'll never touch medicare and social security, well then we'll have debts and, deficits as far that's eye can see. >> michelle bachmann said she doesn't think we have to raise the debt ceiling. what are your thoughts. >> i'm very interested in the, because it doesn't make any sense. we have enough revenue coming in from the taxes, month-to-month, week-to-week, to service the national debt and pay social security, and medicare and medicaid. so i don't understand why our rating would go down unless the ratings agencies are trying to suck up to the democrats, on the other hand, i have seen some economists say, yes, it will lower our debt rating and will make -- it doesn't make any sense, because it is the equivalent of, you payer mortgage month-to-month and make those piloavements and you stop buying
Search Results 0 to 11 of about 12 (some duplicates have been removed)

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